New Products, Financial Results, and Acquisitions - Research Report on Apple, iRobot, HARMAN, Philips, and Canon

New Products, Financial Results, and Acquisitions - Research Report on Apple,
                      iRobot, HARMAN, Philips, and Canon

PR Newswire

NEW YORK, October 28, 2013

NEW YORK, October 28, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Analysts' Corner announced new research reports highlighting Apple Inc.
(NASDAQ: AAPL), iRobot Corporation (NASDAQ: IRBT), HARMAN International
Industries Inc. (NYSE: HAR), Koninklijke Philips NV (ADR) (NYSE: PHG), and
Canon Inc. (ADR) (NYSE: CAJ). Today's readers may access these reports free of
charge - including full price targets, industry analysis and analyst ratings -
via the links below.

Apple Inc. Research Report

On October 22, 2013, Apple Inc. (Apple) announced iPad Air, which features a
9.7-inch Retina display in a new thinner and lighter design. The Company
informed that iPad Air is 20% thinner and 28% lighter than the fourth
generation iPad. Apple also announced iPad mini with Retina display. According
to Apple, the new products feature the Apple-designed A7 chip with 64-bit
desktop-class architecture, wireless with faster built-in Wi-Fi and LTE
cellular connectivity, and the newly designed iOS 7. iPad Air with WiFi models
will be available in silver or space gray starting November 1, 2013. iPad Air
with Wi-Fi + Cellular will also be available on November 1, 2013, whereas iPad
mini with Retina display will be available later in November 2013 in silver or
space gray. The Full Research Report on Apple Inc. - including full detailed
breakdown, analyst ratings and price targets - is available to download free
of charge at: [http://www.analystscorner.com/r/full_research_report/e809_AAPL]

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iRobot Corporation Research Report

On October 22, 2013, iRobot Corporation (iRobot) reported its Q3 FY 2013
financial results (period ended September 28, 2013). The Company's total
revenue declined 1.4% YoY to $124.5 million during the quarter. Net income was
$7.8 million or $0.26 per diluted share in Q3 FY 2013 compared to net income
of $15.2 million or $0.54 per diluted share in Q3 FY 2012. Commenting on the
results, Colin Angle, Chairman and CEO of iRobot, said, "We saw strong growth
in our Home Robot business, and are excited to announce a next generation home
robot for the fourth quarter. Overseas, strong demand in Asia continued and we
are seeing signs of recovery in Europe. We shipped additional RP-VITA robots
to InTouch Health, while our Remote Presence unit gained further traction in
the video collaboration market. And, our Defense & Security business performed
as expected." He added, "Our businesses continue to perform in line with the
expectations we laid out in Q1. Accordingly we are narrowing our full year
2013 expectation ranges to: revenue of between $485 and $490 million, EPS of
$0.90 to $0.95 and Adjusted EBITDA of $58 to $61 million." The Full Research
Report on iRobot Corporation - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/405c_IRBT]

--

HARMAN International Industries Inc. Research Report

On October 17, 2013, HARMAN International Industries Inc. (HARMAN) announced
the acquisition of Duran Audio BV. The Company reported that this acquisition
provides HARMAN with access to innovative electro-acoustic and software based
directivity control technologies including the AXYS Intellivox line of
"steerable" columns. HARMAN informed that the AXYS products and core
technologies will become an integrated part of the HARMAN Professional audio
product line. Commenting on the acquisition, Dinesh C. Paliwal, HARMAN's
Chairman, President and CEO, said, "Today's acquisition of Duran Audio BV
bolsters HARMAN's stated commitment to advance our technology leadership
through both R&D and acquisitions. Over the years, Duran Audio has established
a distinct and loyal customer base built on innovative technology. By
leveraging Duran's unique product lines with HARMAN's global footprint and
product synergies, our business is optimally positioned to serve new customers
around the world with expanded audio solutions." The Full Research Report on
HARMAN International Industries Inc. - including full detailed breakdown,
analyst ratings and price targets - is available to download free of charge
at: [http://www.analystscorner.com/r/full_research_report/fb84_HAR]

--

Koninklijke Philips NV (ADR) Research Report

On October 21, 2013, Koninklijke Philips NV (ADR) (Philips) reported its Q3
2013 financial results. The Company's sales declined 3.5% YoY to €5.6 billion
during the quarter. Net income attributable to shareholders was €282 million
or €0.31 per diluted share in Q3 2013, compared to €104 or €0.11 in Q3 2012.
Commenting on the results, Frans van Houten, CEO of Philips, said, "I am
pleased with the 33% increase in our operational results, clearly reflecting
the continuing benefits of our Accelerate! program. At Healthcare, EBITA
improved while sales were flat and order intake declined 2%. Consumer
Lifestyle continued its strong sales performance with comparable sales growth
of 9%, driven by our focus on locally relevant products. At Lighting,
LED-based sales grew 33% over the previous year, leading to an overall growth
of 3%." The Full Research Report on Koninklijke Philips NV (ADR) - including
full detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.analystscorner.com/r/full_research_report/2026_PHG]

--

Canon Inc. (ADR) Research Report

On October 22, 2013, Canon Inc. (ADR) (Canon) announced that in cooperation
with Canon Marketing (Philippines), Canon Business Machines (Philippines),
Inc. and Canon Information Technologies Philippines, Inc., the Company will
contribute in relief efforts for victims of the October 15, 2013 Philippine
earthquake through donations to the Philippine Red Cross totaling 1.3 million
Philippine pesos (approximately $30,100). The Company further reported that it
extends its condolences to all those affected by the disaster and its thoughts
go out to those suffering in its aftermath. The Full Research Report on Canon
Inc. (ADR) - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/5a34_CAJ]

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